Wednesday 16 November 2011

Case Study - PINEPAC


1. trendline: uptrend (bullish)
2. candle stick: rebounce from support ~ 10 ma (bullish)
3. BB : both upper & lower band heading north (bullish)
4. ADX: uptrend with weak momentum (bullish)
5. MACD: signal line above 0 (bullish)
6. RSI: heading 70% (neutral)
7. Sto: Signal line above 80% (bullish)
8. volume distribution: high buying pressure (bullish)


conclusion: 7 bull 1 neutral

position: long
entry price: 0.525
profit taking: 0. 56, 0..58, 0.61
cut loss: 0. 50

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